Maple Gold Mines Ltd (MGM) AI Stock Analysis

• Market Cap: C$34.11M
• Dividend Yield: N/A
• Average Volume (3M): 656.75K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.01
• Revenue Growth: N/A
• EPS Growth: 56.07%
• Country: CA
• Employees: 13
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.01
• Shares Outstanding: 454,766,100
• 10 Day Avg. Volume: 1,307,133
• 30 Day Avg. Volume: 656,752
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -6.50
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$0.36
• Price Target Upside: 500.00% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

Maple Gold Mines Ltd's overall score reflects significant financial challenges with no revenue and increasing losses, offset by positive corporate events indicating strategic efforts to expand resources. Technical analysis shows moderate upward momentum, but the negative valuation suggests potential risks. The company's strategic initiatives might improve future prospects, but current financials remain a concern.

Maple Gold Mines Ltd Business Overview & Revenue Model

Company Description

Maple Gold Mines Ltd (MGM) is a Canadian exploration company focused on advancing its district-scale gold projects in Quebec, Canada. The company is primarily engaged in the acquisition, exploration, and development of mineral properties, with a core emphasis on gold mining. MGM leverages its extensive land position in the prolific Abitibi Greenstone Belt to explore and develop high-potential gold deposits.

How the Company Makes Money

Maple Gold Mines Ltd generates revenue primarily through its exploration and development activities aimed at discovering economically viable gold deposits. The company makes money by advancing its projects to either sell or joint venture with larger mining companies, who are interested in acquiring developed, resource-rich properties. Key revenue streams include proceeds from the sale of developed properties, joint venture arrangements where larger partners provide capital in exchange for project interest, and potential future gold production if they advance projects to the mining phase. Partnerships with established mining firms often provide necessary funding and technical expertise, significantly contributing to MGM's ability to progress its exploration efforts.

Maple Gold Mines Ltd Financial Statement Overview

Summary

Maple Gold Mines Ltd faces significant financial challenges, primarily due to zero revenue and increasing operating losses. The balance sheet shows some liquidity, but a declining equity ratio and negative cash flows indicate reliance on external funding and highlight the need for strategic changes.

Income Statement

Maple Gold Mines Ltd has consistently reported zero revenue over multiple periods, indicating no current production or sales activities. The company also shows a trend of increasing net losses, with the latest TTM (Trailing-Twelve-Months) net income declining further to -4.32 million CAD. The absence of revenue growth alongside deteriorating profitability metrics such as EBIT and EBITDA margins indicates significant financial challenges.

Balance Sheet

The company maintains a low level of total debt relative to equity, evidenced by a debt-to-equity ratio of 0.13 in the latest TTM period. However, the equity ratio is declining, now at 43.66%, which suggests diminishing shareholder value over time. Despite some liquidity in terms of cash and short-term investments, the continuous erosion of stockholders' equity raises concerns about long-term financial stability.

Cash Flow

Operating cash flow remains negative, reflecting the company's lack of operational cash generation. The free cash flow has also been consistently negative, posing a challenge to sustainability without external financing. The absence of positive cash flow metrics suggests ongoing reliance on financing activities to fund operations and cover cash outflows.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-192.19K	-219.11K	-188.65K	-186.29K	-100.71K	-158.39K
	EBIT
-4.16M	-7.78M	-10.17M	-5.83M	-4.39M	-3.34M
	EBITDA
-4.29M	-7.76M	-9.95M	-5.53M	-4.03M	-2.93M
	Net Income Common Stockholders
-4.32M	-7.03M	-10.39M	-6.03M	-5.35M	-4.38M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
2.79M	3.41M	9.76M	21.91M	20.01M	4.10M
	Total Assets
5.37M	4.56M	11.20M	22.34M	21.55M	5.84M
	Total Debt
175.03K	316.42K	477.09K	234.99K	544.90K	584.56K
	Net Debt
-2.61M	-3.01M	-9.28M	-21.67M	-19.47M	-3.52M
	Total Liabilities
1.78M	1.53M	1.89M	4.44M	2.45M	2.52M
	Stockholders Equity
3.59M	3.03M	9.30M	17.90M	19.10M	3.32M
Cash Flow		Free Cash Flow
-4.29M	―	-12.09M	-4.32M	-3.53M	-1.94M
	Operating Cash Flow
-4.27M	―	-12.04M	-4.25M	-3.52M	-1.91M
	Investing Cash Flow
426.72K	-57.80K	-46.49K	-27.45K	-14.08K	-14.70K
	Financing Cash Flow
3.74M	―	-58.05K	6.16M	19.44M	3.24M

Maple Gold Mines Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.06
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MGM, the sentiment is Negative. The current price of 0.06 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.06, and below the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.06 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MGM.

Maple Gold Mines Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNT	81 Outperform	C$2.69B	17.70	26.82%	―	77.93%	236.93%
BTO	66 Neutral	C$4.96B	―	-18.54%	5.32%	-0.18%	-2195.85%
MGM	47 Neutral	C$34.11M	―	-131.70%	―	―	56.07%
Sector *	47 Neutral	$2.32B	-2.83	-21.67%	3.65%	4.83%	-28.82%
AU	44 Neutral	C$98.27M	―	-3.72%	―	―	67.20%
SEA	38 Underperform	$1.42B	―	-3.92%	―	―	1.89%

Maple Gold Mines Ltd Corporate Events

Maple Gold Mines Launches Drilling Program at Douay Project

Maple Gold Mines Ltd has initiated a 10,000-metre diamond drilling program at its Douay Gold Project to expand and upgrade the current mineral resource. This effort is part of a broader 2025 outlook that includes further development initiatives and an additional drilling phase at the Joutel Gold Project. The company aims to de-risk the Douay deposit by reviewing its mineral resource estimate and evaluating scenarios for optimizing underground mining. By focusing on higher-grade deposits and leveraging extensive exploration data, Maple Gold seeks to unlock significant exploration potential and deliver value to shareholders, with a fully funded exploration budget of approximately $6.3 million.

Maple Gold Mines Secures Full Ownership of Key Projects

Maple Gold Mines Ltd. has successfully completed a joint venture restructuring transaction, gaining 100% ownership of the Douay and Joutel Gold Projects in Quebec. This strategic move positions the company for aggressive resource expansion and potential new discoveries. With over $8 million in treasury, Maple Gold is well-equipped to enhance shareholder value.

Maple Gold Mines Ltd. Appoints New CFO

Maple Gold Mines Ltd. has appointed Nick Furber as the new Chief Financial Officer, bringing over 25 years of experience in the mining industry to the role. The company also announced the issuance of stock options to purchase common shares, aiming to incentivize key personnel. These developments come as Maple Gold looks to advance its gold projects in Québec’s Abitibi Greenstone Gold Belt.

Maple Gold Mines Raises $5.6 Million in Private Placement

Maple Gold Mines Ltd. has successfully closed a brokered private placement, raising a total of $5.6 million to bolster its exploration activities and financial health. The significant demand for the offering allows the company to focus on resource expansion and exploration across its Québec properties. The funds will also support administrative expenses and other operational needs.

Maple Gold Mines Announces $5 Million Investment

Maple Gold Mines Ltd. has announced a $5 million brokered private placement, facilitated by Beacon Securities Limited, offering a mix of non-flow-through units and flow-through common shares. The funds will support exploration expenses and general administrative costs across the company’s mineral properties in Québec. This financial move is seen as a strategic step to enhance the company’s exploration capabilities and operational efficiency.